Franklin Templeton’s XRP ETF (XRPZ) Debuts On NYSE Arca As Bloomberg Predicts Crypto ETF Tsunami

Franklin Templeton’s XRPZ XRP ETF debuted on NYSE Arca yesterday as Bloomberg predicted a tsunami of more than 100 crypto ETF launches in the next six months.

XRPZ provides investors regulated access to XRP, the fourth-largest crypto by market capitalization, and began trading alongside Grayscale’s GXRP ETF and follows similar XRP ETF launches from Bitwise and Canary Capital.

The debuts mark a major turnaround for XRP after parent Ripple Labs was sued by the Securities and Exchange Commission in 2020 for allegedly selling unregistered securities. The case was settled in August 2025 for $125 million without Ripple admitting wrongdoing, clearing the way for the launch of XRP investment products.

XRPZ Sees Over $62M Inflows On Debut Day

XRPZ got off to a strong start with SoSoValue showing the fund received $62.59 million in inflows on its first day of trading, just behind Grayscale’s GXRP’s $67.36 million.

In terms of cumulative inflows, XRPZ is ranked fourth out of the four funds that are currently trading in the market. Canary’s XRPC and Bitwise’s XRP, which started trading earlier, have seen $322.04 million and $134.35 million in cumulative inflows, respectively. 

According to data from NYSE Arca, XRPZ also saw over 1 million shares traded yesterday.

XRP Price Jumps 7% On ETF Launches

The recent ETF launches helped the XRP price surge more than 7% in the past 24 hours to trade at $2.24 as of 1:11 a.m. EST. 

XRP price (Source: CoinMarketCap) 

But the carnage from the recent market-wide selloff leaves the Ripple token still down more than 13% in the past month.  

Crypto ETF “Land Rush” Incoming, Bloomberg Analyst Says

Bloomberg ETF analyst Eric Balchunas estimates more than 100 crypto ETFs will launch in the next six months.

“Land rush in effect no matter how you define it,” Balchunas said in a Nov. 24 post on X, adding that five spot crypto ETFs will launch over the next 6 days. 

The crypto ETF launches come after a decision by the SEC to approve generic listing standards for “commodity-based trust shares,” which include spot crypto assets. 

Those new listing standards streamline the approval process for new funds, removing the need for the SEC to review each application on a case-by-case basis. New funds can thus launch faster if they meet criteria under the generic listing rules.